The Regent Bang Tao, and its developer G-1 Land, was the latest Thailand developer to showcase its projects to Singapore investors last weekend.
Pauline Chong of Simply Living Phuket told DDproperty.com: “Phuket offers a very different kind of value proposition to investing in Bangkok, and is not so dependent on economic factors that might impact the Thai capital.”
Chong described the Phuket market as being a “vibrant” one, and appealing for property investors due to the lack of quality hotels.
The Regent Bang Tao is a 140-unit full serviced condominium located in the Laguna area developed primarily for the international investor market. The developers have prior experience operating equivalent service programs in Phuket, and are confident its latest project will do well.
Chong added: “Tourism in Phuket during recent years has seen strong growth and diversification in its tourist base away from Western Europe, making it increasing an all-year round destination for multiple countries, as well as being a luxury travel destination in Southeast Asia.
The Regent Bang Tao condominium, which has freehold title availability, is currently 72 percent sold.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote
this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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